Number
191951
Version
ORIGINAL
Reference
971894, 990115, 000430, 131580, 161313, 190545, 021332, 071132 and 081070
Sponsor
ALD. BAUMAN, PEREZ, LEWIS AND RAINEY
Title
Resolution approving Amendment No. 6 to the Project Plan for Tax Incremental Financing District No. 37 (Grand Avenue), in the 4th Aldermanic District, to allow donations to Tax Incremental District No. 51 (Granville Station), in the 9th Aldermanic District, Tax Incremental District No. 71 (Mitchell Street), in the 12th Aldermanic District and Tax Incremental District No. 72 (Bishop’s Creek), in the 1st and 7th Aldermanic Districts.
Analysis
This resolution approves Amendment No. 6 to the Project Plan for Tax Incremental District No. 37 (Grand Avenue) to provide up to $2,013,609 in donations to Tax Incremental District No. 51 (Granville Station), $2,658,175 in donations to Tax Incremental District No. 71 (Mitchell Street) and $2,572,552 in donations to Tax Incremental District No. 72 (Bishop’s Creek), totaling $7,244,336.
Body
Whereas, On June 16, 1998, the Common Council of the City of Milwaukee (“Common Council”) adopted File No. 971894, which approved a Project Plan and created Tax Incremental District No. 37 (“TID 37”); and
Whereas, On June 22, 1999, the Common Council adopted File No. 990115, which approved Amendment No. 1 to the District Project Plan (“Plan”); and
Whereas, On November 8, 2000, the Common Council adopted File No. 000430, which approved Amendment No. 2 to the Plan; and
Whereas, On April 2, 2014, the Common Council adopted File No. 131580, which approved Amendment No. 3 to the Plan; and
Whereas, On February 7, 2017, the Common Council adopted File No. 161313, which approved Amendment No. 4 to the Plan; and
Whereas, On July 30, 2019, the Common Council adopted File No. 190545, which approved Amendment No. 5 to the Plan; and
Whereas, On January 22, 2003, the Common Council adopted File No. 021332, which approved a Project Plan and created Tax Incremental Distri...
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